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Council Member Neal introduced the following resolution and <br />moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 96-174 <br />RESOLUTION TRANSFERRING FUNDS FROM THE 1990 CERTIFICATE OF <br />INDEBTEDNESS FUND TO THE CLOSED BOND FUND FOR CLOSURE <br />WHEREAS, the Certificates were paid in full in January, and <br />WHEREAS, there remains a balance of $6,367, and <br />WHEREAS, the Closed Bond Fund accounts for all excess funds from paid bond funds. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the <br />transfer from the 1990 Certificate of Indebtedness Fund for closure to the Closed Bond <br />Fund be approved as follows: <br />Closed Bond Fund (301) <br />Increase Decrease <br />$6,367 <br />1990 Certificate of Indebtedness (305) ($6,367) <br />Adopted by the City Council of Lino Lakes this 16th day of December, 1996. <br />Anderson - Clerk Treasurer <br />o n Landers - Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by Lyden <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, <br />Lyden, Neal, Landers. <br />The following voted against same: None, Council Member Kuether was absent. <br />Where upon said resolution was declared duly passed and adopted. <br />